{"id":1004068463,"date":"2013-03-08T15:27:58","date_gmt":"2013-03-08T23:27:58","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=107835"},"modified":"2022-12-05T23:52:56","modified_gmt":"2022-12-06T07:52:56","slug":"convention-center-officials-unveil-2-5b-makeover-plan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/convention-center-officials-unveil-2-5b-makeover-plan\/","title":{"rendered":"Convention Center Officials Unveil $2.5B Makeover Plan"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

The Las Vegas Convention and Visitors Authority Board of Directors has revealed a $2.5 billion plan to transform the Las Vegas Convention Center and the area around it into a vibrant business hub. Dubbed the Las Vegas Global Business District, the revamped area would include a new World Trade Center facility and a multimodal transportation center as well as an overhaul of the convention center complex itself.<\/p>\n

The project would amount to the biggest makeover\"\"<\/a> in years for the 54-year-old facility, which provides nearly one-quarter of Las Vegas\u2019 10.6 million square feet of meeting space. In 2011, the city\u2019s meeting and convention business generated an estimated $6.3 billion in economic activity.<\/p>\n

During the next two years, the agency will identify financing, develop a detailed plan for the program, acquire parcels for redevelopment and start the $150-million first phase of the renovation.<\/p>\n

When complete, the convention center upgrade will provide a new entrance on Joe W. Brown Drive, improved meeting and exhibit space, technological upgrades, a grand concourse eonnector with more lobby space and new food concessions.<\/p>\n

Image courtesy of The Las Vegas Convention and Visitors Authority at lvcva.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The $2.5 billion development project that is set to be known as the Las Vegas Global Business District, includes a number of completely new structures, such as a new World Trade Center building and a multimodal transportation hub. The first phase of the decade-long project the Las Vegas Convention and Visitors Authority is set to see the officials kick off the request-for-quotation (RFQ) process for the development. It will also focus on securing the financing for the massive plan, as well as starting the acquisition process for any of the land parcels that are needed for the actual construction.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1593,21742],"tags":[],"class_list":["post-1004068463","post","type-post","status-publish","format-standard","hentry","category-las-vegas","category-latest"],"acf":[],"yoast_head":"\nConvention Center Officials Unveil $2.5B Makeover Plan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/convention-center-officials-unveil-2-5b-makeover-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Convention Center Officials Unveil $2.5B Makeover Plan\" \/>\n<meta property=\"og:description\" content=\"The $2.5 billion development project that is set to be known as the Las Vegas Global Business District, includes a number of completely new structures, such as a new World Trade Center building and a multimodal transportation hub. 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